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The Baltic Dry Index edged up 3 points to 997 on December 24, but recorded its worst year since 2014, down 52.5% in 2024. The panamax index stood at 988 after falling 48.7% for the year, with weaker rates across all vessel segments.
Persistently low dry bulk rates reduce the cost of moving grain and oilseeds by sea, which supports export competitiveness but signals weak global shipping demand.
maritimeprofessional.comAnmol ChoubeyDec 26, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
